Forex Technical Analysis 14.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 14, 2014

EUR USD, “Euro vs US Dollar”

Market was opened with gap down and Euro expanded its consolidation channel downwards. Instrument continues forming descending correction, flag pattern, with target at level of 1.3750. Structure of the pattern will help us to define future scenario.
 

GBP USD, “Great Britain Pound vs US Dollar”

Market was opened with gap down; Pound is forming the second descending impulse. It looks like market is forming correction towards level of 1.6640. Structure of this correction will help us to define future scenario.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. We think, today price may form correction as flag pattern and return to level of 0.8840. Structure of the pattern will help us to define future scenario.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still consolidating; market completed continuation pattern. We think, today price may break minimum and fall down towards level of 100.00. Alternative scenario implies that pair may try to break consolidation channel upwards and complete current correction at level of 103.00. Later, in our opinion, instrument may continue moving downwards.

AUD USD, “Australian Dollar vs US Dollar”

Australian is forming descending impulse. We think, today price may reach level of 0.9340 and then return to level of 0.9330. This structure may be considered as head & shoulders reversal pattern. Later, in our opinion, instrument may continue falling down towards level of 0.9150.

USD RUB, “US Dollar vs Russian Ruble”

Market was opened with gap up. Ruble continues moving upwards; we can see head & shoulders reversal pattern. We think, today price may reach the first target at level of 36.20 and then fall down towards level of 35.75.

XAU USD, “Gold vs US Dollar”

Gold is still consolidating near level of 1322; this structure may be considered as continuation pattern. We think, today price may move upwards to reach target at level of 1357. Alternative scenario implies that instrument may expand this consolidation channel downwards as correction towards 1295 and then grow up towards level of 1357.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 9, 2016
Coeure - ECB ready to do more
ECB board member Benoit Coeure commented the yesterday decision in a radio interview. The central bank announced QE tapering stressing that it does not mean less engagement...
December 8, 2016
Tapering and extending
The main challenge for markets today will be steering through the messages that emerge from the ECB meeting and press conference. Whereas the Fed meeting next week is seen as a near certainty in terms of its outcome, this is not the same for the ECB...
December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...

FxPro Rating
Grand Capital Rating
OANDA Rating
Vantage FX Rating
Trade360 Rating
OctaFX Rating

OptionsXO Rating
TropicalTrade Rating
OptionFair Rating
Grand Option Rating
TopOption Rating
OptionBit Rating